BDO In The Media

BDO professionals believe in the importance of staying on top of new trends, issues, and regulations. Viewed as industry leaders, our professionals are often turned to as media sources regularly appearing in major business journals, industry publications and media outlets. The following list is a sample of recent articles highlighting BDO’s Retail & Consumer Products practice
 
April 2018:
The jury’s out on how SCOTUS will rule on Wayfair (Accounting Today)
Natalie Kotlyar and Katherine Gauntt discuss the Supreme Court’s upcoming ruling in South Dakota v. Wayfair.
 
Retailers Beware -- Consumers Aren't Shopping With Tax Money (Bloomberg Technology)
66 percent of respondents to BDO’s 2018 Consumer Beat Survey said they will not be contributing more to the economy after tax season. Thus, retailers may not see the boost they were expecting, says Natalie Kotlyar.
 
Retail defaults hit an all-time high in early 2018 (Retail Dive)
While retail execs predicted consistent bankruptcy filings this year, according to our 2018 Retail Compass Survey of CxOs, retail debt defaults hit an all-time high in Q1. David Berliner shares insights about bankrupt retailers’ chances for survival.
 
Bon-Ton to Liquidate Stores (The Wall Street Journal)
Bon-Ton’s liquidation announcement arrives after many attempts to resurrect the brand. Retailers should expect a significant increase in store closures this year, as BDO’s recent Bankruptcy Update reveals.
 
Lessons From Bon-Ton's Plan To Avoid Liquidation (GlobeSt.com)
After a Hail Mary bid from landlords Washington Prime Group and Namdar Realty Group hit a snag in court, liquidation is looking likely for Bon-Ton. David Berliner weighs in on how Seritage’s turnaround model might have been effective for the struggling department store.
 
Money from tax reform will not go to retail (FierceRetail)
Consumers who say they’ll spend at least some increased discretionary income from tax reform and their 2017 tax returns plan to treat themselves to entertainment, according to BDO’s 2018 Consumer Beat Survey. Natalie Kotlyar offers tips on how retailers can try and capture some of this spending.

March 2018:
Will Steinhoff margin loan fall-out mark end of easy money? (Euromoney)
“There are too many stores per capita and those stores are too big,” David Berliner shared in a discussion of the shakeout in the U.S. retail industry.
 
Footwear Retailer The Walking Company Files ‘Chapter 22’ Bankruptcy (The Wall Street Journal)
More than 20 retailers sought chapter 11 protection in 2017, many of which liquidated all of their stores, according to data from BDO USA.

Retail's Bankruptcy Pandemic May Have Peaked, But It's Not Over Yet (Forbes)
Natalie Kotlyar and David Berliner discuss why retail bankruptcies will continue at a steady pace this year.

94% of retail execs expect as many — or more — bankruptcies in 2018 (Retail Dive)
40% of retail executives surveyed expect bankruptcy filings to increase in 2018, according to data from BDO’s 2018 Retail Compass Survey of CxOs.

Retail apocalypse: Number of US stores fell last year for first time since 2009 (FOX Business)
Last year’s record amount of store closures may indicate more retail bankruptcy filings ahead, according to data in BDO’s latest Retail in the Red report.

1 in 5 U.S. retail shops are still at risk (Axios)
David Berliner shares his thoughts on why retailers are rightsizing their store numbers.

February 2018: 
BDO: Retail Execs Bullish on Tax Reform; Expect ‘Moderate’ Sales Increase in 2018 (Chain Store Age)
Retail executives forecast a 3.2 percent increase in total sales for 2018. BDO’s inaugural Retail Compass Survey of CxOs outlines opportunities and challenges that are top of mind in the industry.
 
Bon-Ton Stores Seeks Chapter 11 Bankruptcy Protection (The Wall Street Journal)
More than 20 retailers sought chapter 11 protection in 2017, and more than 4,000 stores were closed last year, according to BDO USA data.

Retailers Praise Tax Reform, but Fret Over Competitive Forces (WWD)
Retailers may feel bullish about tax reform, but c-level executives still expect to face hurdles in the year ahead, according to BDO’s 2018 Retail Compass Survey of CxOs.

January 2018:
4 Public Policy Priorities for 2018 (Retail Dive) 
While many are expected to invest in employees, how exactly retailers direct those funds depends on the company's growth strategy, Scott Ziemer, managing partner in BDO's Tax office and the former director of tax for two multibillion-dollar retailers, told Retail Dive.

December 2017: 
Too Many Shopping Deals are Hurting Consumers (The Street)
Shoppers are programmed to deal-hunt and according to BDO’s 2017 Consumer Beat Survey, 54% of consumers say discounts and promotions are the most influential factor in their holiday gift purchasing decisions this year, Natalie Kotlyar explains.

November 2017: 
Cyber Monday expected to set e-commerce record (Houston Chronicle)
In its inaugural survey of 100 retail executives, BDO found that nearly 70 percent of respondents believed that price competition would be their biggest challenge this holiday season. Natalie Kotlyar discusses how retailers can capitalize on anticipated Cyber Monday growth.
 
Walmart, gaining on Amazon, says its online sales grew 50 percent (Washington Post)
More than one-quarter of Americans plan to do most of their holiday shopping on Amazon this year, according to BDO data.
 
Americans are Feeling Richer These Days, but They Won’t Necessarily be Spending More on Gifts (Washington Post)
High consumer confidence doesn’t necessarily translate to higher consumer spending for the holidays. Natalie Kotlyar shares her take on how consumers may be approaching holiday shopping this year.
 
Here’s the Credit Card That’s Gathering Dust in in Your Wallet (The Wall Street Journal)
Brick-and-mortar retailers closed more than 4,000 stores in the first half of 2017 due to declining sales and profitability, according to data from BDO’s Retail in the Red:  BDO 1H 2017 Bi-Annual Bankruptcy Update.